Determinants of foreign direct investment and entry modes of Polish multinational enterprises: A new perspective on internationalization

Kowalewski, Oskar; Radło, Mariusz-Jan

doi:10.1016/j.postcomstud.2014.10.003

Cited by 20 publications

(9 citation statements)

References 36 publications

(23 reference statements)

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“…Gorbunova (2012), in the research of transition countries, such as the Czech Republic, Hungary, Poland and the Slovak Republic, suggested that FDI distribution among these countries was influenced by the specific market and institutional factors as: the cost of labour, the real exchange rate, the infrastructure, the inflow of private capital, the business registration costs, the inflation rate, the diffusion of internet users and the rigidity of employment laws. Kowalewski (2014) in the study using firm data examined the locational trends of foreign direct investment projects undertaken by the Polish companies and proved the consistence with the evolutionary models of internationalization. Companies in the early stages of internationalization are markets and resource seeking, whereas efficiency seeking and strategic asset seeking are the companies in the advanced stages of internationalization.…”

Section: Literature Reviewmentioning

confidence: 80%

Determinants of foreign direct investment inflows: A case of the Visegrad countries

Hintošová¹,

Bruothová²,

Kubíková³

et al. 2018

Journal of International Studies

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This study identifies the determinants of foreign direct investment inflows into Visegrad countries using the country level data from the year 1989 to the year 2016. Based on correlation and regression analyses (OLS and fixed-effect model), we have identified the level of gross wages and the share of educated labour force as the most significant determinants with positive effect on FDI inflows. On the other hand, corporate income tax rate, trade openness and expenditures on research and development have been detected as the determinants with negative impact on FDI. Our study has not brought any evidence on inflation rate, unemployment rate, GDP per capita and the innovation output, as the sum of patents and trademarks, influencing FDI inflows in the case of Visegrad countries.

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Section: Literature Reviewmentioning

confidence: 80%

Determinants of foreign direct investment inflows: A case of the Visegrad countries

Hintošová¹,

Bruothová²,

Kubíková³

et al. 2018

Journal of International Studies

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“…A survey conducted among Polish international companies indicated that their FdI -just as the investments of firms from developed countries -were motivated, among others, by the willingness to use the resources developed on the home market (Jaworek, 2008;Jaworek, 2013;Gorynia et. al., 2015), and much less frequently by the need to find resources on a foreign market (Jaworek, 2008;Jaworek, 2013;Kowalewski and Radło, 2014). The outcomes of a research conducted by Gorynia et al (2015) also indicated that the said resources were mainly connected with entrepreneurial and managerial skills, and the ability to develop and leverage business networks abroad.…”

Section: Internal Development Determinantsmentioning

confidence: 99%

Internal Development Determinants of Polish Companies in the Usa: Traditional Industries vs. New Technologies

Kuczmarska

2020

JPM

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Purpose: The purpose of the study was to identify the internal development determinants of Polish companies in the USA, considering the character of their activity, i.e. splitting them into two business sectors-traditional industries and new technologies. Methodology: The research has been conducted by sending by post and e-mail a standardised questionnaire to Polish companies that have undertaken foreign direct investment in the USA. As a result, 19 properly filled survey questionnaires were returned. Findings: The findings of the research indicated that Polish companies see major determinants of development in the USA in internal factors, including applied technology, innovative products/ services, organisation of production processes/services and management skills. Slight differences in the answers of companies representing both groups (traditional industries and new technologies) mainly concerned the strength of impact of particular assets. For companies in the new technologies group, most important growth determinants were, above all, used technology and innovation of products/services, while companies operating in traditional industries found the strongest positive impact in leadership, competences of the management staff and organisation culture. Implications: Both the research results and the very fact of involvement in foreign investment in such competitive environment demonstrate that Polish companies are aware of the strength of their assets. Just as enterprises from the developed countries, they benefit from ownership advantages on foreign markets. These are not, however, cost advantages attributed to companies from the emerging markets in the subject literature, but those perceived as the domain of the companies from the developed countries. Originality: This paper concerns a still insufficiently defined problem of foreign direct investment of companies from mid-range emerging economies in developed countries.

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“…The available literature on the subject includes numerous research papers which discuss the question of foreign establishment mode choice (e.g. Hennart & Park, 1993;Brouthers & Brouthers, 2000;Datta, Herrmann, & Rasheed, 2002;Werner, 2002;Larimo, 2003;Shimizu, Hitt, Vaidyanath, & Pisano, 2004;Brouthers & Hennart, 2007;Gorynia, 2007;Slangen & Hennart, 2007;Slangen & Hennart, 2008;Demirbag, Tatoglu, & Glaister, 2008;Demirbag, Tatoglu, & Glaister, 2009;Arslan & Larimo, 2011;Slangen, 2011;Jiménez-Burillo & Jiménez-Moreno, 2013;Kowalewski & Radło, 2014;Gorynia, Nowak, Trąpczyński, & Wolniak, 2015a;Gorynia, Nowak, Trąpczyński, & Wolniak, 2015b;Shen & Puig, 2017;Holtbrügge & Berningn, 2018). They focus primarily on identifying the determinants of the choice between alternative capital investment options available on the host market.…”

Section: Literature Review Fdi Establishment Mode Strategymentioning

confidence: 99%

Greenfield or Acquisition Entry? An Impact of Foreign Direct Investment on the Competitiveness of Polish Investors

Jaworek

Karaszewski

Szałucka

2018

EBER

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The purpose of this article is to determine the impact of Polish FDI companies on their competitiveness, depending on their establishment mode choice in the host country (greenfield investment vs. acquisition). Research Design & Methods: The study used a direct interview method. The results were analysed using impact indicators (w) calculated as the arithmetic mean of numerical values assigned to each response as well as Fisher's exact test. Statistical calculations were performed using the IBM SPSS Statistics software version 21.0.0.1. Findings: The impact of FDI on investor competitiveness in relation to the main competitors operating on the home market and on foreign markets depends on FDI entry mode (greenfield investment vs. acquisition), among other things. Implications & Recommendations: The results of this study may be the starting point for further research on the impact of FDI on competitiveness, particularly through foreign acquisitions. It should be assumed that as Polish companies gain experience on the international stage, this mode of entry will be chosen by investors more frequently. Contribution & Value Added: The uniqueness of the following study is in the presentation of the results of original empirical research, which demonstrate the relationship between the foreign establishment mode choice (greenfield investment vs. acquisition) and the competitiveness of investing companies. Ex post evaluations were taken into account while forming the conclusions. Article type: research paper

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Determinants of foreign direct investment and entry modes of Polish multinational enterprises: A new perspective on internationalization

Cited by 20 publications

References 36 publications

Determinants of foreign direct investment inflows: A case of the Visegrad countries

Determinants of foreign direct investment inflows: A case of the Visegrad countries

Internal Development Determinants of Polish Companies in the Usa: Traditional Industries vs. New Technologies

Greenfield or Acquisition Entry? An Impact of Foreign Direct Investment on the Competitiveness of Polish Investors

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